UK exporters must switch to CDS by June

The deadline to transition from using CHIEF to CDS for export declarations has been extended to 4 June 2024. Businesses are advised to switch early to avoid potential disruptions. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of […]

MTD ITSA regulations amended but concerns remain

ICAEW’s Tax Faculty examines the latest MTD publications, including the amended MTD ITSA regulations and the government’s response to the public accounts committee report on MTD. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to […]

Tax news in brief 28 February 2024

Highlights from the broader tax news for the week ending 28 February 2024, including: a new income tax exemption for the Champions League final; tips from HMRC on paying PAYE and filing an ATED return; and the EU’s new digital system for union goods. Income tax exemption for Champions League final The government has announced […]

Trust transparency measures ‘need more thought’

ICAEW urges the government to rethink its approach on improving transparency for land-holding trusts. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an activity to your online CPD record. […]

ICAEW suggests changes to offsetting off-payroll working rules

A single determination of tax and NIC would simplify the offsetting process. The deemed employer should have the right to appeal against a determination. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading […]

How to tax interest paid by public service pensions schemes

HMRC has provided guidance on the tax treatment of interest paid under the public service pensions remedy. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an activity to your […]

VAT import one stop shop for Northern Ireland

Businesses in Northern Ireland can now register for the scheme to account for VAT on goods sold to consumers in the EU or Northern Ireland. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add […]

Finance Act 2024 receives Royal Assent

The Finance Bill 2023-24 became the legally binding Finance Act 2024 on 22 February 2024. As a result, a number of measures take effect from that date. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen […]

Navigating the path to Scotland’s clean energy future

Over the past decade, Scotland has made remarkable strides in renewable energy deployment, doubling its renewable generation capacity to c.15 Gigawatts (‘GW’) today. The Scottish Government has set ambitious targets to add an additional 20GW of capacity by 2030. Scottish businesses are at the heart of driving deployment and achieving Scotland’s Net Zero ambitions. On […]

HMRC u-turns on double cab pickups

HMRC will continue to treat double cab pickups as goods vehicles for the purposes of the BIK and capital allowances rules. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as […]